Ethereum-Based Altcoin That’s Surged 245% in Three Months Looks ‘Incredibly Bullish’ Versus Bitcoin,

A closely followed crypto strategist thinks that one Ethereum (ETH)-based altcoin is about to soar against Bitcoin (BTC).

Pseudonymous analyst The Crypto Dog tells his 750,500 followers on the social media platform X that the decentralized exchange protocol Injective (INJ) is looking bullish on the INJ/BTC trading pair chart.
Looking at his chart, the trader suggests that INJ/BTC could soon flip a key resistance level into support, after failing to do so on two prior attempts in recent days.

On October 16th INJ/BTC closed at 0.0002737 BTC ($7.80) and is now at 0.0009446 BTC ($40.75), a gain of approximately 245%.

The trader also says that Injective looks like it is on the verge of a breakout after a period of consolidation in the high $30s and low $40s range.

“INJ looks like another winner to come this week. Been consolidating here longer than expected, but it’s been just a matter of time.”
The trader also predicts that the fan engagement token Chiliz (CHZ) is about to undergo a trend reversal.

“I took a CHZ position. Looks ready to break this two-year-long downtrend, big gains to be made if it does. Strong project, unique fundamentals, always been a fan. One of the first to merge the real world with crypto.”

Chiliz is trading for $0.106 at time of writing, up nearly 17% in the last 24 hours.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox